Andrew Luong | Source | Co-Founder & CEO at Doorvest

Single-family homeowners should expect to pay 1% – 3% of their home’s value in repair and maintenance costs each year, but depending on the home’s age and condition, these costs can skyrocket. The true cost of hidden repairs and maintenance during the first year of homeownership often comes as a surprise as it’s not initially accounted for and difficult to predict. Likewise, we’ve found that the biggest mental hurdle to purchasing an investment home sight unseen is the uncertainty of maintenance costs and repairs. We’re thrilled to launch the Home Renovation Guarantee to eliminate these concerns and make customers more confident in Doorvest as a partner to build long-term personal wealth. Our ability to offer the Home Renovation Guarantee is a testament to the quality of our renovations, undertaken by vetted contractors and overseen by our team of professionals.

What people needed was an avenue. I saw that there were plenty of people with a good job, who were saving and were hoping to participate in America’s No. 1 source of wealth, which is the real estate market. But they really didn’t have a vehicle that enabled them to participate. Doorvest is a very full-service, end-to-end product. We believe that a lot of Americans have been locked out of real estate due to the many moving pieces that create a lot of friction.